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ProShares UltraShort Bloomberg Crude Oil ETF News

$16.97
+0.190 (+1.13%)
At Close: May 31, 2024
Last week was upbeat for Wall Street. Stocks basically ignored myriad of concerns including inflationary pressures and rising Delta variant of COVID-19 cases.

Crude ETFs Plummet as Oil Drops More than 8%

04:06pm, Monday, 19'th Jul 2021
With stocks and index ETFs tumbling on Monday amid exploding volatility, crude oil futures and ETFs are also under pressure. U.S. Benchmark West Texas Intermediate crude futures sank below $70 per bar
Oil prices declined more than 2% on Jul 14 after major global oil producers clinched a deal about supply, which gives cues of oversupply concerns.
Oil prices have staged a rally lately. But uncertainty about the OPEC+ deal, chances of higher output and the resurgence of the delta variant of Covid have made the space a winner.
SCO: Disagreement Within OPEC+ Means Higher Oil Prices Are Coming

SCO: Shorting Crude Is Not A Good Idea

04:43am, Monday, 14'th Jun 2021
SCO has been hammered in 2021, as rising crude oil prices have pressured the fund. SCO is a double-short ETF, which means the losses have been amplified as oil has risen.
ProShares has reverse split four ETFs today: SCO, VIXY, ZSL, UVXY. These are the details.

Best (and Only) Inverse Oil ETF for Q2 2021

03:45pm, Thursday, 18'th Feb 2021
The best (and only) inverse oil ETF for Q2 2021 is SCO.
A Negative Long-Term Stance On The Energy Sector
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